Mingteng International Stock Price To Earning
| MTEN Stock | 5.68 0.25 4.22% |
Mingteng International fundamentals help investors to digest information that contributes to Mingteng International's financial success or failures. It also enables traders to predict the movement of Mingteng Stock. The fundamental analysis module provides a way to measure Mingteng International's intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Mingteng International stock.
Mingteng | Price To Earning |
Mingteng International Company Price To Earning Analysis
Mingteng International's Price to Earnings ratio is typically used for current valuation of a company and is one of the most popular ratios that investors monitor daily. Holding a low PE stock is less risky because when a company's profitability falls, it is likely that earnings will also go down as well. In other words, if you start from a lower position, your downside risk is limited. There are also some investors who believe that low Price to Earnings ratio reflects the low pricing because a given company is in trouble. On the other hand, a higher PE ratio means that investors are paying more for each unit of profit.
Mingteng Price To Earning Driver Correlations
Understanding the fundamental principles of building solid financial models for Mingteng International is extremely important. It helps to project a fair market value of Mingteng Stock properly, considering its historical fundamentals such as Price To Earning. Since Mingteng International's main accounts across its financial reports are all linked and dependent on each other, it is essential to analyze all possible correlations between related accounts. However, instead of reviewing all of Mingteng International's historical financial statements, investors can examine the correlated drivers to determine its overall health. This can be effectively done using a conventional correlation matrix of Mingteng International's interrelated accounts and indicators.
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Generally speaking, the Price to Earnings ratio gives investors an idea of what the market is willing to pay for the company's current earnings.
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Mingteng Retained Earnings
Retained Earnings |
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Based on the latest financial disclosure, Mingteng International has a Price To Earning of 0.0 times. This indicator is about the same for the Automobile Components average (which is currently at 0.0) sector and about the same as Consumer Discretionary (which currently averages 0.0) industry. This indicator is about the same for all United States stocks average (which is currently at 0.0).
Mingteng Price To Earning Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Mingteng International's direct or indirect competition against its Price To Earning to detect undervalued stocks with similar characteristics or determine the stocks which would be a good addition to a portfolio. Peer analysis of Mingteng International could also be used in its relative valuation, which is a method of valuing Mingteng International by comparing valuation metrics of similar companies.Mingteng International is currently under evaluation in price to earning category among its peers.
Mingteng Fundamentals
| Return On Equity | 0.0855 | |||
| Return On Asset | 0.0407 | |||
| Profit Margin | 0.07 % | |||
| Operating Margin | (0.06) % | |||
| Current Valuation | 35.32 M | |||
| Shares Outstanding | 6.21 M | |||
| Shares Owned By Insiders | 73.29 % | |||
| Number Of Shares Shorted | 7.3 K | |||
| Price To Book | 3.72 X | |||
| Price To Sales | 3.86 X | |||
| Revenue | 8.16 M | |||
| EBITDA | 2.15 M | |||
| Net Income | 212.66 K | |||
| Total Debt | 39.81 K | |||
| Book Value Per Share | 1.53 X | |||
| Cash Flow From Operations | 1.3 M | |||
| Short Ratio | 0.03 X | |||
| Earnings Per Share | 0.09 X | |||
| Number Of Employees | 150 | |||
| Market Capitalization | 35.26 M | |||
| Total Asset | 1.51 M | |||
| Retained Earnings | 6.47 M | |||
| Working Capital | 3.64 M | |||
| Net Asset | 1.51 M |
About Mingteng International Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Mingteng International's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Mingteng International using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Mingteng International based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Mingteng International
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Mingteng International position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Mingteng International will appreciate offsetting losses from the drop in the long position's value.Moving against Mingteng Stock
| 0.57 | LEA | Lear | PairCorr |
| 0.5 | FOXF | Fox Factory Holding | PairCorr |
| 0.47 | DAN | Dana Inc Buyout Trend | PairCorr |
| 0.47 | GTX | Garrett Motion | PairCorr |
| 0.41 | VLCN | Volcon Inc | PairCorr |
The ability to find closely correlated positions to Mingteng International could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Mingteng International when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Mingteng International - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Mingteng International to buy it.
The correlation of Mingteng International is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Mingteng International moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Mingteng International moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Mingteng International can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Mingteng International Piotroski F Score and Mingteng International Altman Z Score analysis. To learn how to invest in Mingteng Stock, please use our How to Invest in Mingteng International guide.You can also try the Stock Screener module to find equities using a custom stock filter or screen asymmetry in trading patterns, price, volume, or investment outlook..
Is Automotive Parts & Equipment space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Mingteng International. If investors know Mingteng will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Mingteng International listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.18) | Earnings Share 0.09 | Revenue Per Share 1.749 | Quarterly Revenue Growth 0.267 | Return On Assets 0.0407 |
The market value of Mingteng International is measured differently than its book value, which is the value of Mingteng that is recorded on the company's balance sheet. Investors also form their own opinion of Mingteng International's value that differs from its market value or its book value, called intrinsic value, which is Mingteng International's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Mingteng International's market value can be influenced by many factors that don't directly affect Mingteng International's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Mingteng International's value and its price as these two are different measures arrived at by different means. Investors typically determine if Mingteng International is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Mingteng International's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.